Please take notice that on August 17, 2023, at its regular meeting, the Board of Triumph Gulf Coast, Inc., will take up for consideration and intends to approve the following proposals for award of funding and amendments to existing awards pursuant to s. 288.8017, Florida Statutes (2017):

Proposal #315 (American Magic)
Applicant: City of Pensacola
Funding Request: $8,500,000
View Summary of Proposed Grant Award Agreement

Amendment to Existing Grant for Project #120 (Pensacola Airport MRO):
Applicant: City of Pensacola
Additional Funding Request: $0
Proposed Amendments: (i) revise Project description; (ii) extend deadline for execution of Design/Build Contract by 1 year to June 30, 2024; (iii) revise funding procedures to more accurately reflect actual practice; (iv) extend completion deadline from April 19, 2025 to December 31, 2026; and (v) revise and update Budget.
View Summary of Proposed Third Amendment to Grant Award Agreement

Amendment to Existing Grant for Project #209 (I-10 Industrial Park):
Applicant: Santa Rosa County, Florida
Additional Funding Request: $1,917,913
Proposed Amendments: (i) increase Grant by $1,917,913; increase Matching Funds by $4,000,000; increase total Project cost by $5,917,913; (ii) increase the number of required new jobs by 74 to 174, (iii) extend completion and performance metric deadlines by 2 years to December 31, 2025, (iv) allow multiple private company tenants rather than a specific company, and (v) revise and update the Budget;
View Summary of Proposed Second Amendment to Grant Award Agreement

Amendment to Existing Grant for Project #257 (Cyber Security/IT):
Applicant: Pensacola State College
Additional Funding Request: $0
Proposed Amendments: Reallocate line items in Budget
View Summary of Proposed First Amendment to Grant Award Agreement

Any person interested in being heard on these matters may attend and address the Board prior to a vote on approval of any award. Information regarding the time and place for the August 17, 2023, Board Meeting may be found by clicking here.

Any questions or inquiries regarding this notice or the award may be directed to:
Cori Henderson, Program Administrator at [email protected]